Barbara Strozzilaan 336
1083 HN Amsterdam
The Netherlands
gssbsecretariat@globalreporting.org

GSSB summary of the virtual meeting
held on 17 June 2021
Approved by the GSSB on 27 October 2021

© GRI 2021

1

Contents
Participants.............................................................................................................................................. 3
List of abbreviations ................................................................................................................................ 3
Decisions and action items ..................................................................................................................... 4
Session 1: Welcome ............................................................................................................................... 4
Session 2: Introductory presentation of the Oil & Gas Sector Standard ................................................. 4
Session 3: GRI Sector Program: Mining project proposal ...................................................................... 5
Session 5: Any other business and close of public meeting ................................................................... 6

Page 2 of 6

2Participants

3

Present:

456

Name

Constituency

Judy Kuszewski

Chair

Robyn Leeson

Vice-ChairPeter Colley

Labor

Giulia Genuardi

Business enterprise

Evan Harvey

Investment institution

Vincent Kong

Business enterprise

Joseph Martin

Business enterpriseJennifer Princing

Business enterprise

Corli le RouxMediating institution

Gustavo SinnerMediating institution

Kenton Swift

Civil society organization

Rama Krishnan Venkateswaran

Investment institution

Michel Washer

Business enterprise

Apologies:
Name

Constituency

Loredana Carta

Labor

Kim Schumacher

Civil society organization

In attendance from GRI:
NamePosition

Bastian Buck

Chief of Standards

Mia d’Adhemar

Senior Manager

Pam Carpio

Manager

Miguel Perez Ludena

Research Lead

List of abbreviations
GSSB
IEA
SD

Global Sustainability Standards Board
International Energy Agency
Standards Division

Page 3 of 6

7Decisions and action items

8Decisions

9GSSB Decision 2021.15 The GSSB resolved to approve Item 05 - Draft summary of the meeting

10held on 10 June 2021.

11GSSB Decision 2021.16 The GSSB resolved to approve Item 01 – GRI Sector Standards Project for

12Mining - Project proposal.

13Action items
GSSB
Session 2•

GSSB to provide any feedback on the final draft of GRI 11: Oiland Gas Sector 2021 to the SD by 25 June 2021.

14

Session 1: Welcome

15

The Global Sustainability Standards Board (GSSB) Chair Judy Kuszewski (henceforth the Chair)

16

welcomed the GSSB and presented an overview of the meeting agenda.

17

The GSSB was presented with Item 05 - Draft summary of the meeting held on 10 June 2021 for18

approval.

19GSSB Decision 2021.15 The GSSB resolved to approve Item 05 - Draft summary of the meeting20

held on 10 June 2021.

21

Session 2: Introductory presentation

22of the Oil & Gas Sector Standard

23

The Standards Division (SD) reviewed the objectives of the GRI Sector Standards Program and the24GRI Sector Standards Project for Oil and Gas, as well as the project’s process and progress,

25

including a review of the public comment feedback received on the oil and gas content (as opposed to26

the feedback received on format of Sector Standards generally). The SD then discussed the final draft

27of GRI 11: Oil and Gas Sector 2021, with particular attention to changes made since the public

28

comment period.

29

A GSSB member requested clarification about the inclusion of Disclosure 306-3 in the Sector

30Standard, because GRI 306: Effluents and Waste 2016 has been replaced by GRI 306: Waste 2021.

Page 4 of 6

31

The SD confirmed that because effluents had been removed from GRI 306: Waste 2021, the effluents

32

related disclosure from GRI 306: Effluents and Waste 2016 will remain effective until such time as it is33

replaced and referenced in GRI 11: Oil and Gas Sector 2021.

34A GSSB member raised concerns that references to forecasts from an International Energy Agency

35(IEA) report which were not intended for decision-making were included in GRI 11. The SD explained

36that these references had been included through the multistakeholder process to develop the Sector

37Standard, and that the forecasts were referenced in the topic description section of the climate

38

change adaptation and resilience topic to explain why the industry might find the topic material.

39

The SD reinforced that these topic descriptions are intended to provide an organization context to40

determine if the topic is relevant for them or not, and not to provide instructions about how an41

organization should behave. They also invited further input and comments from the GSSB member

42

and other stakeholders during the finalization of the draft. The SD member will forward further detailed

43

comments on the issue to the SD.

44

A GSSB member questioned if and how GRI intended to avoid the situation where an organization

45

neglects to undertake stakeholder and materiality assessments, and instead only reports on the46

General Disclosures and Sector Standard disclosures.

47The SD discussed that the requirements for reporting in accordance with the Standards emphasize48

that use of the Sector Standards does not replace the need for a materiality assessment and49

stakeholder engagement. They also highlighted that the Sector Standards will give information users

50

guidance about what to look for in reporting from organizations in a sector, which will encourage and51

reinforce the need for organizations to move to more complete reporting over time.

52

The SD then presented the proposed timeline and path to approval for the final draft of GRI 11: Oil

53

and Gas Sector 2021 and requested that GSSB members provide any feedback on the draft Sector

54Standard to the SD by 25 June 2021, to be addressed before the consideration for its approval on 155

July 2021.

56

Actions:

57
58•

GSSB to provide any feedback on the final draft of GRI 11: Oil and Gas Sector 2021 to theSD by 25 June 2021.

59

Session 3: GRI Sector Program:

60

Mining project proposal

61

The GSSB was presented with Item 02 – GRI Sector Standards Project for Mining - Response from62

Stakeholder Council, and Item 03 – GRI Sector Standards Project for Mining - Working group terms ofPage 5 of 6

63

reference for review, as well as Item 01 – GRI Sector Standards Project for Mining - Project proposal

64

for review and approval.

65

The SD discussed the key aspects of the project proposal and solicited questions or feedback from66

the GSSB. No further comments were received, and the Chair called for a vote on the decision to67

approve the project proposal.

68

GSSB Decision 2021.16 The GSSB resolved to approve Item 01 – GRI Sector Standards Project for

69

Mining - Project proposal.

70

Actions:71•SD to initiate the GRI Sector Standards Project for Mining.

72

Session 5: Any other business and73

close of public meeting74

No other business was raised, and the Chair closed the meeting at 14.39 CEST (Central European

75

Summer Time).

Page 6 of 6